Zhongyuan Bank (01216.HK) issues RMB10 billion perpetual capital bonds

Zhitong Finance APP News, Zhongyuan Bank (01216.HK) announced that, with the approval of the Henan Regulatory Bureau of the National Financial Regulatory Administration and the People's Bank of China, the bank recently issued Zhongyuan Bank Co., Ltd. 2026 Undated Capital Bonds (First Tranche) in the national interbank bond market. This tranche of bonds was bookbuilt on September 17, 2026, and payment was completed on September 21, 2026, with an issuance size of RMB 10 billion. The coupon rate for the first 5 years of this tranche of bonds is 1.92%, adjusted every 5 years, and the bank has the right to redeem all or part of this tranche of bonds on each interest payment date in the 5th year and thereafter. The proceeds from the issuance of this tranche of bonds will be used, in accordance with applicable laws and regulatory approvals, to replenish the bank's additional tier-one capital.